Section 18C: Transaction value of similar goods

18C. Transaction value of similar goods (1) Where the value of the goods cannot be determined under section 18B, the value of those goods shall be the transaction value of goods which are similar to the goods being valued when sold for export to an importer in Mauritius and exported at the same time or substantially the same time as the goods being valued, provided that the prescribed conditions are satisfied. (2) For the purpose of this section, “similar goods”— (a) means goods which— (i) closely resemble the goods being valued in respect of component materials, parts and characteristics and are functionally and commercially interchangeable with the goods being valued, having regard to the quality and reputation of the goods and the goods being valued; (ii) are produced in the country in which the goods being valued are produced; and (iii) are produced by the person who produces the goods being valued; but (b) does not include goods where engineering, development work, artwork, design work, plans or sketches undertaken in Mauritius C62 – 17 [Issue 6] Customs Act are supplied, directly or indirectly, by the importer of those goods, free of charge or at a reduced cost, for use in connection with the production and sale for export of those goods. (3) Where the goods are not produced by the person who produces the goods being valued, the goods produced by a different person shall be taken into consideration for the purpose of subsection (2). [S. 18C inserted by Act 18 of 1999.]